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JP Morgan’s latest rating for SAIC stock

In a filing, Science Applications International Corp revealed its EVP, Navy Supplee Barbara acquired Company’s shares for reported $20607.0 on Sep 27 ’24. In the deal valued at $137.38 per share,150 shares were bought. As a result of this transaction, Supplee Barbara now holds 3,154 shares worth roughly $0.39 million.

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Then, O’Hara Michelle A. bought 1,000 shares, generating $118,000 in total proceeds. Upon buying the shares at $118.00, the EVP, CHRO now owns 33,497 shares.

Before that, Jackson James Joshua bought 400 shares. Science Applications International Corp shares valued at $45,710 were divested by the EVP, Army at a price of $114.28 per share. As a result of the transaction, Jackson James Joshua now holds 13,677 shares, worth roughly $1.67 million.

JP Morgan upgraded its Science Applications International Corp [SAIC] rating to an Overweight from a a Neutral in a research note published on October 02, 2024; the price target was increased to $170 from $150. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “a Neutral”. Morgan Stanley also remained covering SAIC and has decreased its forecast on January 03, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Citigroup started covering the stock on December 08, 2022. It rated SAIC as “a Buy”.

Price Performance Review of SAIC

On Friday, Science Applications International Corp [NASDAQ:SAIC] saw its stock fall -2.79% to $122.40. Over the last five days, the stock has lost -19.46%. Science Applications International Corp shares have fallen nearly -1.54% since the year began. Nevertheless, the stocks have risen 5.96% over the past one year. While a 52-week high of $156.34 was reached on 11/06/24, a 52-week low of $112.00 was recorded on 06/14/24. SMA at 50 days reached $142.06, while 200 days put it at $131.25.

Levels Of Support And Resistance For SAIC Stock

The 24-hour chart illustrates a support level at 118.29, which if violated will result in even more drops to 114.19. On the upside, there is a resistance level at 126.24. A further resistance level may holdings at 130.09. The Relative Strength Index (RSI) on the 14-day chart is 23.38, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.59%. Stochastics %K at 16.73% indicates the stock is a buying.

How much short interest is there in Science Applications International Corp?

A steep rise in short interest was recorded in Science Applications International Corp stocks on 2024-10-31, dropping by -0.1 million shares to a total of 0.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.79 million shares. There was a decline of -15.21%, which implies that there is a negative sentiment for the stock.

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